1000 5th Street SE Minneapolis, MN $ 4,500,000
1000 5th Street SE
$ 4,500,000
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1000 5th Street SE

Minneapolis, MN, 55414
$ 4,500,000
Bedrooms-- Baths0.0 Sq 14,592

Monthly Estimate*

$ 28,074

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Commercial Property for sale in Minneapolis, MN

for $4,500,000. This 14,592 square foot building was built in 1952 on a lot size of 0.44 Acre(s).

We are pleased to offer a recently developed 26 room, 56-60 bed capacity Multifamily and Special Use building For Sale at the University of Minnesota. Excellent like-new condition inside and out with huge renovations & improvements in 2018 including all new systems and an entire 3rd level added. This property has a communal living setup with 1 bedroom units which can accommodate 2 beds each + excellent common area amenities. This is truly a turn-key opportunity for a new Owner who can offer move-in ready units. The Seller has beds for each room which can be part of the sale (~$60k value). Two units on the 1st floor have restrooms in the unit, all other rooms share large recently renovated communal restrooms on each floor with 3 showers and multiple stalls. Perfect for a communal living use such as mental health/rehabilitation or individual room rentals for student or market rate housing. Convenient Dinkytown locationthe heart of the U of M! The location speaks for itself!

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Commercial Active

Price

$ 4,500,000

Property Type

Commercial

Taxes

$ 24,651

Lot Size

0.44 Acre(s)

Year Built

1952

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6345745

Features
Interior
Basement Full Basement
Cooling System Window Unit(s)
Heating Source Hot Water
Heating System Boiler Common Forced Air
Sewer City Sewer
Water Source City Water
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Exterior
Construction Brick/Stone
Garage Detached
Parking 1-20 Open Parking Spaces Open Parking Paved
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Miscellaneous
Commercial Sale Includes Building Sale Includes Land
Location Corner Lot
Utilities Electric
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* Excluded Features
List By
Re/Max Results

Broker

mark@resultscommercial.com

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Affordability Calculator

$30,128
Per Month
93%
7%
0%
Monthly Principal & Interest
$28,074
Monthly Property Taxes
$2,054
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
Minneapolis School District

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1000 5th Street SE, Minneapolis, MN, 55414 is a Commercial Property for sale at $4,500,000 with 14,592 sqft and a lot size of 0.44 Acre(s). 1000 5th Street SE has 0.0 baths and was built in 1952. The property's zip code is 55414 which is in Minneapolis, MN